Citibank implements new policy requirements for partnering gun dealers

03/23/18 6:30 AM | by

Citi announces new policies for gun-selling clients. (Photo: Citi/Facebook)

Citi announces new policies for gun-selling clients. (Photo: Citi/Facebook)

Citibank announced this week it will cut ties with partnering businesses unwilling to adopt new policies for selling firearms.

Dealers large and small wishing to do business with Citi must place age restrictions on gun sales, ban bump stocks and high capacity magazines and refuse to complete transactions when buyers fail background checks, Executive Vice President Ed Skylar, of Citi’s Global Public Affairs, said Thursday.

“It is not centered on an ideological mission to rid the world of firearms. That is not what we seek,” he said in a blog post on the company’s website. “There are millions of Americans who use firearms for recreational and other legitimate purposes, and we respect their Constitutional right to do so. But we want to do our part as a company to prevent firearms from getting into the wrong hands.”

It’s unclear which business and gun makers will be impacted by the new policies, but Skylar said Citi will perform “its due diligence in initiating those conversations.”

Citibank’s new policies follow a corporate backlash against perceived lax gun laws in the wake of the Valentine’s Day shooting in Parkland, Florida. Leadership at Dick’s Sporting Goods, Walmart, L.L. Bean and Kroger all adopted stricter gun sales policies — similar to Citi’s new requirements — as a response to inaction on Capitol Hill.

“We know that the actions we are taking today will invite passion on both sides,” Skylar said. “We don’t have the perfect solution but we have come to the conclusion that we must do our part to keep guns out of the hands of those who wish to do harm. And we hope our actions help achieve that vital goal.”

Latest Reviews

  • M9

    The Beretta M9 Strong Even in Retirement

    The Beretta M9 withstood the test of time for our troops and LEOs, but with current trends shifting away from...

    Read Now
  • Rock Island Armory 1911

    Found on Guns.com: Rock Island Armory M1911

    While true believers tend to go after the standard .45 ACP models, Rock Island breaks the mold and offers a...

    Read Now
  • cloners

    Popular Rifle Builds for Cloners

    Cloners build rifles that closely resemble actual service weapons by carefully selecting components for an exact match for the most...

    Read Now
  • Kriss Sphinx

    Gun Review: Kriss Sphinx

    Compared to other production handguns, the Kriss Sphinx -- a CZ look-alike -- has pound for pound some of the...

    Read Now